Chinese lender Yibin City Commercial Bank is aiming to raise up to HK$1.87 billion ($240.92 million) in a Hong Kong initial public offering, according to its regulatory filing on Monday.
The company will offer 688.4 million H shares as part of its global offering, at an offer price of HK$2.72 per share, according to the filing.
Yibin City Commercial Bank provides various banking services, including deposits, loans, domestic settlement, bill discounting, government bond underwriting, insurance, wealth management and other financial services.
Citic Securities, Industrial and Commercial Bank of China and others served as joint bookrunners for the global offering.
Reuters
